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Rating Agencies | Corporate News | France

Fitch Revises BNP Paribas’ Outlook to Negative on France, Affirms AA- Rating
November 4, 2026November 4, 2026

Fitch Ratings revised BNP Paribas’ outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move on France through to the bank’s operating environment. For the bank’s creditors the ratings hold today, but their direction now hangs on France: a sovereign downgrade to A would likely take BNP Paribas…

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Rating Agencies | Corporate News | USA

Oracle’s Proposed $10bn Notes Win Investment-Grade Ratings, Moody’s Outlook Stays Negative
November 2, 2026

Oracle’s $10bn note offering drew investment-grade ratings from Fitch, Moody’s and S&P Global Ratings on 2 November; Fitch and Moody’s also affirmed the company’s ratings, with Moody’s outlook still negative. For Oracle’s creditors, the agencies place the new debt in the same BBB band, but Fitch and Moody’s split on direction: Fitch keeps a stable…

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Rating Agencies | Corporate News | USA

S&P Revises Meta’s Outlook to Negative, Sees 2027 Capex Above $225bn
November 1, 2026November 1, 2026

S&P Global Ratings revised its outlook on Meta Platforms to negative from stable on 30 October and affirmed its AA- rating, forecasting capital spending above $225 billion in 2027. For Meta’s bondholders the rating itself is unchanged, but the agency now sees adjusted leverage above its own downgrade threshold as early as 2027. The pressure…

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Macro | Rating Agencies | Middle East | UAE

Fitch Affirms Abu Dhabi at AA, Now Sees a 2026 Budget Surplus of 2.3% of GDP
October 31, 2026October 31, 2026

Fitch affirmed Abu Dhabi at AA with a Stable Outlook and now forecasts a 2026 budget surplus of 2.3% of GDP, excluding the Abu Dhabi Investment Authority’s investment income. For holders of the emirate’s bonds the rating is unchanged, but the numbers behind it have improved markedly since 1 May, when the agency projected a…

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Macro | Rating Agencies | Middle East | Qatar

S&P Affirms Qatar at AA With Stable Outlook on Assets Estimated at 200% of GDP
October 31, 2026

S&P Global Ratings affirmed Qatar at AA with a stable outlook on 30 October, citing government liquid assets that the agency puts at an estimated 200% of GDP. For investors in Qatar’s sovereign debt, the verdict is that the state’s balance sheet can carry it through a period of disrupted LNG output that the agency…

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Macro | Rating Agencies | EU | France

Fitch Turns France’s Outlook Negative, Affirms A+, Sees Interest at 3.3% of GDP in 2028
October 31, 2026October 31, 2026

Fitch Ratings revised France’s outlook to Negative from Stable on 30 October and affirmed its A+ rating, citing weaker growth, higher borrowing costs and a wider deficit. For holders of French government bonds, the agency has now named a failure to improve the debt trajectory materially as a trigger for a downgrade. In The Edge’s…

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Rating Agencies | Middle East | Saudi Arabia | UAE

Fitch Affirms PIF at A+, Abu Dhabi’s ADQ and Mamoura at AA on Virtually Certain Support
October 29, 2026November 4, 2026

Fitch affirmed Saudi Arabia’s Public Investment Fund at A+ and Abu Dhabi’s ADQ and Mamoura at AA on 29 October, equalising each state investment fund with its government’s rating. For investors in the funds’ bonds and sukuk, all three outlooks are Stable, and the agency judges extraordinary state support as virtually certain in every case….

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Rating Agencies | Corporate News | Saudi Arabia | UAE

S&P Lifts Dubai’s AIG MEA to A+, Moody’s Affirms Gulf International Bank at A2
October 26, 2026October 27, 2026

S&P Global Ratings raised Dubai-based AIG MEA Ltd. to A+ from A on 26 October, with a stable outlook. The insurer’s insurance revenue rose to 418.5 million dirhams in 2025 from 384 million. That is a rise of 8.98 percent, on our calculation. The agency also assigned an A minus rating to The Arab Energy…

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Energy & Commodities | Rating Agencies | Middle East | UAE

Masdar Agrees to Buy More Than 550 MW of Greek Solar and Signs a Khazna Data Centre Memorandum
October 24, 2026October 25, 2026

Masdar has agreed to buy a solar photovoltaic project of more than 550 megawatts in Greece from Lightsource bp, one of the largest in the country. The plant is due to start operating by the end of 2026 and to produce enough electricity for more than 200,000 homes a year. The Abu Dhabi clean energy…

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Macro | Rating Agencies | EU | France

French Ministry Says Moody’s Kept Aa3 Rating as Public Debt Reaches 119.1 Percent of GDP
October 24, 2026

France’s Ministry of the Economy and Finance said on 23 October that Moody’s had kept the country’s sovereign rating at Aa3 with a negative outlook. The ministry’s statement came after the EU statistics office put French public debt at 119.1 percent of GDP at the end of June, in figures released on 21 October. In…

Read More French Ministry Says Moody’s Kept Aa3 Rating as Public Debt Reaches 119.1 Percent of GDP